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Wednesday, May 12, 2010

Trading Review for May 12, 2010 (VIDEO)

"Discipline is the refining fire by which talent becomes ability." - Roy L. Smith

I took a trade recently, for the Challenge Project, and myself personally. As this is a trade that I discussed for "Airelon's Market Tactics", it will count towards the results of the Model Portfolio that benchmarks the results of the newsletter.

It was a loss. But I think the 'loss' videos are even more important to display, than the wins. I took short videos of my thinking process throughout this trade, which can be found here ...

(Video Included. If you're seeing this entry elsewhere and cannot see the Video? Click here to view the entry ...)

And if you note the Crude Oil market this afternoon? It's a great thing I took my loss, when it was nice and small ...

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Note: This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 14 years of experience in trading and investing in these markets. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research, and tolerance for risk.


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